National News
CEPA boosts India, UAE trade: Trade between India and the UAE surged 14.76% to $83.64 billion in 2023-24
The trade relationship between India and the United Arab Emirates (UAE) has experienced significant growth in the financial year 2023-24. According to the annual report of the UAE India CEPA Council, bilateral trade increased by 14.76% year-on-year to reach $83.64 billion. This marks the first full financial year since the implementation of the Comprehensive Economic Partnership Agreement (CEPA), which has played a crucial role in reducing trade barriers and facilitating economic expansion.
India’s exports to the UAE saw a substantial surge of 27.03%, while the UAE’s exports to India also increased by 7.09% compared to the previous financial year (2022-23). The positive impact of CEPA, which came into force on May 1, 2022, has been evident in these figures, as the agreement has streamlined trade processes and encouraged investment flows between the two nations.
One of the most notable sectors benefiting from this trade growth is the gem and jewellery industry. Bilateral trade in this sector expanded from $20.88 billion in FY2022 to $28.15 billion in FY2024, marking an impressive 35% increase. India’s gem and jewellery exports to the UAE witnessed even greater growth, rising by over 60% from $4.95 billion in FY2022 to $8.04 billion in FY2024.
India’s non-oil trade with the UAE rose by 20.1% to $59.72 billion in 2023-24, compared to $49.73 billion in the previous year. The strong trade ties have also been complemented by a rise in bilateral investments. Indian investments in the UAE amounted to approximately $1.16 billion, covering a range of industries including technology and logistics. Meanwhile, the UAE emerged as India’s fourth-largest foreign investor, committing $3.35 billion to high-potential sectors within India.
The India-UAE trade relationship has strengthened significantly since the implementation of CEPA, fostering a robust and mutually beneficial economic partnership. The substantial growth in trade volumes, particularly in non-oil trade and the gem and jewellery sector, underscores the effectiveness of the agreement in enhancing economic cooperation. With continued policy support and investment facilitation, both nations are poised for sustained trade growth in the coming years.
National News
Festive Dressing, But Make It QWEEN: 10 Jewellery Pieces To Add To Your Festive Wardrobe
Festive dressing does not always have to mean going traditionally. QWEEN brings a more contemporary take to fine jewelry, combining natural diamonds and gemstones with unexpected designs, playful names and modern silhouettes.
From statement rings and layered necklaces to easy-to-style earrings and bracelets, the brand makes jewelry feel personal, expressive and easy to work into your festive wardrobe, whether you are dressing up for a celebration, gifting someone special or simply adding a little sparkle to your own look.
1. Moonlit Mischief Ring
A little drama for your festive look, the Moonlit Mischief Ring features a central opal surrounded by diamonds and pink sapphires in rose gold. The opal is designed to shift while the surrounding stones remain fixed, making this a beautiful statement piece for evening celebrations and festive dressing.
2. Girls Night Stackable Rings
Why wear one when you can stack three? The Girls Night Stackable Rings bring together blue sapphires, diamonds and pink sapphires across individual bands in white and yellow gold. Wear them together for a statement moment or split them across fingers to create your own festive combination.
3. Crisscross Ombre Ring
For those who like their jewellery to make an entrance, the Crisscross Ombre Ring combines three sculptural bands with baguette-cut stones and a gradient of pink tones. Its dimensional design makes it an easy pick for festive evenings when your jewellery needs to do some of the talking.
4. Signature Stack Necklace
A modern take on the classic signet, this necklace is crafted in a seamless tricolour band of rose, white and yellow 18K gold. With no stones competing for attention, the beauty lies in the interplay of the three gold tones, making it a refined choice for both festive and after-hours dressing.
5. Understated Icon Necklace
Minimal, polished and incredibly versatile, the Understated Icon Necklace is made for those who prefer their festive jewellery to be subtle but still noticeable. Its clean silhouette makes it easy to pair with a silk saree, a sharp festive co-ord or even a classic evening dress.
6. Teleport Me Pendant
A pop of colour can instantly change a festive look, and the Teleport Me Pendant does exactly that. An amethyst baguette takes centre stage, surrounded by 62 diamonds in QWEEN’s signature split-prong bead setting, with the purple stone standing out beautifully against rose gold.
7. Watch Me Fly Pendant
Inspired by the transformation of a butterfly, this pendant pairs diamond-set wings with a vibrant pink sapphire ombré. It is playful, colourful and symbolic, making it a thoughtful festive gift for someone stepping into a new chapter, or a piece to wear as your own little statement.
8. Leave An Impact Bracelet
Sometimes, less really is more. The Leave An Impact Bracelet uses a clean combination of white and yellow gold, with no stones at all. The design relies on the meeting of the two metals, giving it a sleek, contemporary finish that can easily be worn with festive watches, bangles or stacked bracelets.
9. Fangirling Over Myself Hoops
Your festive wardrobe deserves a pair of hoops that can hold their own. These rose gold hoops feature 54 diamonds set around the entire circumference, creating a continuous line of sparkle that catches the light from every angle. Wear them with an updo, a sleek festive look, or even a simple monochrome outfit.
10. Free Fall Earrings
For a festive look that calls for something unexpected, the Free Fall Earrings bring together an angled octagon-cut amethyst with flowing, diamond-set ribbons. The contrast between the structured gemstone and fluid design gives these earrings plenty of movement and personality.
This festive season, let your jewellery do more than complete the outfit. From statement-making designs to pieces made for everyday layering, QWEEN brings a fresh, personal edge to festive dressing and gifting.
Festive Dressing, But Make It QWEEN: 10 Jewellery Pieces To Add To Your Festive Wardrobe
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Malabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
Festive Dressing, But Make It QWEEN: 10 Jewellery Pieces To Add To Your Festive Wardrobe
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National News2 days agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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BrandBuzz13 hours agoMalabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
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National News8 hours agoFestive Dressing, But Make It QWEEN: 10 Jewellery Pieces To Add To Your Festive Wardrobe
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International News10 hours agoWGC Report-Digital Gold: Unlocking a $700bn Opportunity
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